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Dun Oir Carrickmines

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    #2
    ARJn
    Registered Users Posts: 52 ✭✭ARJn


    Seems they had a launch yesterday

    3 Bedroom Houses €620,000

    4 Bedroom Houses €765,000

    5 Bedroom Houses €830,000

    Don't know who is willing to play with fire with these prices + higher rates + recession



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    #3
    eastindian
    Registered Users Posts: 19 ✭eastindian


    Yeah, mid terraced 3 beds + study started from 610k. The semi D ones were 625 and above. The layout of the mid T ones was much better and spacious (122.5 sq m) than semi D (109 sq. m). I didn't want a mid T so didn't book any. Prices are ridiculous as always



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    #4
    ARJn
    Registered Users Posts: 52 ✭✭ARJn


    Its fascinating to watch people bet 10% deposit for new builds that actually gets delivered in next 2-3 months

    Given the job market I don't know who feels confident enough that their job will be stable in the recession to close the offer and also pay the highest Interest rates in decades over the highest house prices in decades

    Buying now is negative equity at-least for next 10 years



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    #5
    eastindian
    Registered Users Posts: 19 ✭eastindian


    https://www.boards.ie/discussion/comment/119878558#Comment_119878558

    Agreed. But wondering if it is ever going to go down. I know prices have started falling in UK but not in Ireland yet and doesnt seem they will anytime soon.



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    #6
    markodaly
    Registered Users Posts: 14,393 ✭✭✭✭markodaly


    https://www.boards.ie/discussion/comment/119881815#Comment_119881815

    This is the thing I've wondered about with new builds.

    If one commits to sign contracts to buy one of these and the arse falls out of the economy in 12 months' time, you may be liable to go ahead with the purchase regardless of the change of circumstances.


    What happens if one loses their job yet the developer still wants to get paid?



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    #7
    Yellow_Fern
    Registered Users Posts: 2,598 ✭✭✭Yellow_Fern


    https://www.boards.ie/discussion/comment/119882690#Comment_119882690

    New build prices never vary as much as existing houses.



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    #8
    markodaly
    Registered Users Posts: 14,393 ✭✭✭✭markodaly


    https://www.boards.ie/discussion/comment/119883659#Comment_119883659

    Are you saying that new builds are more price resistant to falls in the property market?

    I guess it makes sense as if there is a downturn, developers just stop building meaning supply is cut off.



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    #9
    Yellow_Fern
    Registered Users Posts: 2,598 ✭✭✭Yellow_Fern


    https://www.boards.ie/discussion/comment/119884743#Comment_119884743

    They are more price resistant. They might drop in price but it will be more like a stairs (staggered) rather than a slope if they change at all.



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    #10
    Toblerone1978
    Registered Users Posts: 684 ✭✭✭Toblerone1978



    https://www.boards.ie/discussion/comment/119878558#Comment_119878558

    Bull speculation, mainly for two reasons:

    1) No one can forecast house price with any certainty for 12 months time, never mind 10 years!

    2) Negative equity only applies to the value of your house below your borrowings. If you brought the house for cash and it was worth only €10 in two years time, you still wouldn't be in negative equity! Not sure how you can apply this logic to everyone who buys a house; all their circumstances to financing the house will be different.

    3) Overpaying for a house is potentially better than wasting money on rent waiting for a price drop.


    Still, €620k for a 3 bedroom is mad. The other prices are even more off the charts.



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    #11
    dublincc2
    Registered Users Posts: 374 ✭✭dublincc2


    Isn’t this development on the exact same site as the halting site which burned down in 2015 killing 10 travellers?

    Regardless of that the development is too substantial and too close to the mountains. There should be a green belt from the M50 down. Glenamuck road should have no development past the shopping centre. We need to preserve the rural nature of the Dublin mountain foothills.



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    #12
    topal
    Registered Users Posts: 36 ✭topal


    https://www.boards.ie/discussion/comment/121072068#Comment_121072068

    It's a different location to the tragic fire. That was beside the new halting site on Glenamuck road, Tig Mo Chroi.

    There is sort of a green belt in the various local development plans which effectively bans development past the existing housing in Kilternan up to the mountains. But as it stands every green field between Kilternan, Carrickmines, and Rathmichael (with the exception of the old Ballyogan landfill) will likely be built on.



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